Possible Cup and Handle break out with GME.
Why I think it could:
-Momentum is gaining again for this vintage meme stock, and earnings are in play this evening.
-Chart looks bullish, moving to the upside.
Why I think it might not:
-There wasn't really a big "handle". That might be because the stock is so bullish that it doesn't have time to form, or we might start forming one soon.
-No volume today on this "breakout"
-S&P looking due for a correction, so that might interrupt bullish action.
-meme stocks will die and fade away eventually, you might never get that "MOASS" (or this was it)
Why I think it could:
-Momentum is gaining again for this vintage meme stock, and earnings are in play this evening.
-Chart looks bullish, moving to the upside.
Why I think it might not:
-There wasn't really a big "handle". That might be because the stock is so bullish that it doesn't have time to form, or we might start forming one soon.
-No volume today on this "breakout"
-S&P looking due for a correction, so that might interrupt bullish action.
-meme stocks will die and fade away eventually, you might never get that "MOASS" (or this was it)